Key Market Indicators
The global wax market is projected to grow by 0.3% year on year, reaching $985.1 million by 2026. This is down from its 2020 level of $970.4 million. In 2020, the market declined by 1.9% compared to the previous year. China, Japan and Germany are the top three countries in the ranking. Jordanian wax imports are expected to decline by 1.4% year on year, reaching 115,830 kilograms by 2026. This is down from 126,000 kilograms in 2021. Since 1999, Jordanian demand for waxes has grown by an average of 5.2% year on year. Kazakhstan overtook the country in 2021, ranking 91st. Mexico, Germany and Poland are the top three countries in the ranking.
